On the budgeted balance sheet,the number for notes payable will come from the ________.
A) operating budget
B) schedule of cash receipts
C) cash budget
D) cost of goods sold budget

Question

Quizplus · Accepted Answer

The cash budget includes all inflows and outflows of cash, including payments for notes payable. Therefore, the number for notes payable on the budgeted balance sheet will come from the cash budget.

On the Budgeted Balance Sheet,the Number for Notes Payable Will